Gov. Abdulaziz Yari of Zamfara says the National Economic Council (NEC) will
soon take decision on whether to allow the continuation of payment of petroleum
subsidy by the Nigerian National Petroleum Corporation, NNPC, or not.
responding to questions after the meeting of NEC chaired by Vice-President Yemi
Osinbajo at the presidential villa, Abuja on Thursday, said the governors would
next month take decision on whether to take responsibility for the subsidy in
their states or not.
N800billion being expended by the NNPC as subsidy.
quantity of consumption which is not acceptable.
many decisions were taken but by next month, we are going to adopt that
position either for the governors to take responsibility for the subsidy in
their states based on the consumption or we look at other ways.
N800 billion subsidy, you will ask who are we paying the subsidy to? And if you
look at infrastructure development and capital programme of the Federal
Government, it is about N1.1 trillion, almost 70 per cent of what you are
spending on developing the economy.
development then you cannot talk about development of the economy. N800 billion
is a huge amount that we must look at it, who is benefiting from it.
going to meet in the month of May and June. By next meeting, we will definitely
come up with a position of the government at both level of volume of what is
being brought into the country and what the state and Federal Government
collaborate to check,” he said.